Gold price today, in-depth long-term story
Updated
Dear friends,
Currently, gold is experiencing a strong recovery trend as it surges by approximately $23 in just one day. It is expected that the price of gold will continue to rise to $1980, as gold benefits from the safe-haven flow caused by political tensions. Market expectations are shifting towards the view that there is no need for further interest rate hikes, as recent increases in US Treasury bond yields indicate a tighter monetary policy.
What are your thoughts on the future price of gold?
Currently, gold is experiencing a strong recovery trend as it surges by approximately $23 in just one day. It is expected that the price of gold will continue to rise to $1980, as gold benefits from the safe-haven flow caused by political tensions. Market expectations are shifting towards the view that there is no need for further interest rate hikes, as recent increases in US Treasury bond yields indicate a tighter monetary policy.
What are your thoughts on the future price of gold?
Trade active
Note
Since the conflict in the Middle East broke out, gold has rallied more than $100 despite strong US economic data boosting the likelihood of higher interest rates for longer, a downside for the asset. No interest like gold.Note
Note
If tensions worsen or central banks give dovish signals, gold is likely to hit $2,000 an ounce.Trade closed: target reached
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